J.B. Hunt price target lowered to $200 from $205 at BMO Capital

BMO Capital lowered the firm’s price target on J.B. Hunt (JBHT) to $200 from $205 after its Q4 earnings miss but keeps an Outperform rating on the shares. The company’s core results were positive and in line with expectations, including Intermodal and Dedicated segments, and while price minus cost remains a headwind, a positive inflection in the cycle is nearer, the analyst tells investors in a research note. J.B. Hunt appears well positioned to grow into its resourced and best-in-class intermodal network, the firm added.